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Redskins’ cap space dwindling but still enough to maneuver

Mar 16, 2014, 10:55 AM EDT

Cash-bills-money

The Redskins’ cap space is dwindling a bit after a flurry of signings late last week but they still have a good amount of money to work with.

After processing the Thursday signings of Jason Hatcher, Darryl Sharpton, and Clifton Geathers, and the release of Will Montgomery, the Redskins had $9.2 million in salary cap space left.

That number does not include the contract signed by Tracy Porter on Saturday. We don’t have the details of that deal so we don’t know what the first-year cap number is.

But we can make an estimate based on his reported terms. Ian Rapoport of NFL Network reported that Porter signed for 2 years and $6 million. As a rule of thumb, the first-year cap hit runs about half of what the average annual value of the deal is. And due to the Rule of 51, a player making about $500,000 gets knocked out of the salary cap total when Porter’s cap hit is added in. It all adds up to a net reduction of about $1 million in available cap space.

So that leaves the Redskins with about $8.2 million in cap space. It could be a little more or less but what’s a few hundred thousand dollars among friends.

They still have some needs to fill at safety and possible at right tackle. That is enough space to get some players signed. They also could create some more space by releasing some players.

  1. bertyboz - Mar 16, 2014 at 11:04 AM

    Rich what is the breakdown of the Geathers contract? I don’t see it anywhere. What’s his cap hit this year (base,signing bonus,dead money etc)?

    • internetcareer - Mar 16, 2014 at 11:58 AM

      Geathers probably has the most potential of all the FA signings for over performing. minimum salary and he has just enough experience now and size and the right scheme that he could be a steal. Its all up to him if he wants a big contract next season.

      My opinion is he is one of those Bonanza or Bust guys. Kind of a late bloomer like Hatcher was.

    • Rich Tandler - Mar 16, 2014 at 12:08 PM

      Geathers is a minimum salary guy, $730K salary, no guaranteed money, no dead money, one-year deal.

      • redskinscaio - Mar 16, 2014 at 6:19 PM

        The absolute perfect contract. Good job on this one Bruce!

      • bertyboz - Mar 17, 2014 at 2:13 PM

        Actually he’s a bit more than a minimum salary guy. They finally posted his numbers on the nflpa site and it’s listed as $1,075,000 for 2014 and $1,575,000 for 2015.

      • bertyboz - Mar 18, 2014 at 3:50 PM

        His official numbers just came out and his cap hit is $1.35M

  2. scirishhoss - Mar 16, 2014 at 11:11 AM

    Nice little chunk of change to add a couple players who can help. Polumbus, Chester, and Bowen are three guys who represent the best chance of being cut. I’m surprised that Bowen hasn’t been asked to take a pure pay cut. His cap number is pretty high for a guy coming off injury. Wonder if there is still a chance of reaching a contract agreement with Orakpo which could free up a few million for 2014 as well? Top needs are Safety and Right Tackle. We know they’ve had interest in Thurmond (even after signing Porter) who’s now off the board, also had interest in S.Smith who’s already signed. Also have visited with TE Owen Daniel, and currently visiting with OT Penn. Clear indication they wanna improve the offense still. Ryan Clark at 34 doesn’t interest me much but the sad part is he would actually represent a upgrade in the secondary. Anthony Spencer would be purely a situational pass rusher if we brought him aboard as well.

    To me it seems like trying to add Thurmond would have been overkill at Corner? Making me believe they are/were open to possibility of Amerson or Hall moving to FS.

    Would they have interest in Champ Bailey if his market was small? Or missed out on Ryan Clark?

  3. v6volume - Mar 16, 2014 at 11:11 AM

    So what happens if Rak signs a long term deal? Does the 11 mil come off and his new number applied to this season’s cap?

    • scirishhoss - Mar 16, 2014 at 11:18 AM

      Yes, he’d have a new number for 2014. Most likely the contract would be backloaded to provide more room the first couple years.

      • v6volume - Mar 30, 2014 at 10:52 AM

        Thank you

        • Rio - Mar 30, 2014 at 11:36 AM

          I am cool with that

  4. maverickstar - Mar 16, 2014 at 11:12 AM

    Another thing to consider, if they agree to a long term deal with Orakpo. They could reduce that franchise tag number from 11.5 to 10 or less depending on how the deal is structured. Hopefully it won’t be for short term gains and long term problems. They could possibly have 10 million or more to work with. Reserving 2-3 for rookies, 7 million is still enough money to get to decent free agents you can be quality depth/potential starter players. I feel much better about the team and their position than I did a week ago.

  5. scirishhoss - Mar 16, 2014 at 11:22 AM

    Chances are a deal won’t get done tho… He’s likely demanding 5 years 50 to 60 million with 15 to 20 million guaranteed. Clay Matthews signed for 5 years 66 million with 20 million guaranteed a few years back.

  6. internetcareer - Mar 16, 2014 at 11:53 AM

    Orakpo getting 11 million this year hurts just a little but what would hurt more is if he had 20 million guaranteed and 2 million salary this year and put 22 million in the bank and then tore his pec again or blew out his knee and then came back next year to add another 7-8 million to the cap and we found out he would never be the same and we had to take an 11 million dollar cap hit for cutting him.

    I’ll take the one year 11 million hit and hope he has a Monster season…and then next year they can franchise him again for just over 13 million and see if he can do it again. After that he will be approaching 30 and I wouldn’t trust him to be spectacular for any length of time….but they will evaluate after this year.

    • Tim - Mar 16, 2014 at 12:10 PM

      If franchised 2 years straight you are essentially guaranteeing Orakpo 25.3 million over 2 years (11.5 this year 13.8 next year). That is what the hold up on a long term deal is more so than his injury history. The starting point for guaranteed for Orakpo’s camp is 25 million where as the team is more comfortable at around 20 million guaranteed on a long term deal.

      • kenlinkins - Mar 16, 2014 at 3:48 PM

        I have seen it written that maybe the Redskins do not want to sign Orakpo to a long term deal as it will some how effect Kerrigan’s deal in 2016. 1. Does anyone understand the logic behind that? 2. If true, can we assume that the Redskins feel Kerrigan is more important to the Redskins long term plans? 3. Wouldn’t a long term deal for Orakpo only have about $25 million guaranteed (which is the amount he gets if we tag him twice), so either we are not planning on Tagging or signing Orakpo in 2015 OR his camp is looking for much more than the reported guaranteed $25 million (which doesn’t make much sense with the injury concerns and lack of game changing plays). This leads me to wonder about the Redskins long term plans for Orakpo, there is something I do not understand as the logic of tagging him twice doesn’t seem to hold up. IDEAS?

        • Rich Tandler - Mar 16, 2014 at 3:56 PM

          I’ve written about that a bunch here, just search “Orakpo”. The flaw in your reasoning is that if he has an eight-sack season like he had in ’10 and ’11 and/or is injured they won’t franchise him next year.

  7. kenlinkins - Mar 16, 2014 at 3:31 PM

    Rich: Is $3.5 million about right for the Cap hit for signing our Draft class this year (without a number 1 pick)?

    • rtcwon - Mar 16, 2014 at 3:54 PM

      not Rich but yes, the current picks are slotted for $3.5M cap hit this year

    • Rich Tandler - Mar 16, 2014 at 3:54 PM

      Yes and no. That’s about what it will cost. But as picks are signed, only the first two will go in the top 51 and they will knock two out of that. And the rest of the picks will go below the 51 line so they will have no effect on the cap. So they need a net of around $500,000 of cap space, give or take a couple of hundred grand.

  8. Mario - Mar 16, 2014 at 5:25 PM

    Did the Redskins sign Penn

  9. garyclarkhof - Mar 16, 2014 at 7:29 PM

    I guess he is in the building, we should be able to land him do a cap charge of 4M, if this leads to us cutting Polumbus this would only be a net increase in our cap of 1.5M since TP saves 2.5M if cut. I could then see us cutting Bowen with a post 6/1 cut and we would save another 5Mish on 2014. This should give is the space to sign a Meriweather for 2Mish along with another vet FS to shore up the secondary along with having a chunk of change left to extend Kerrigan.

    • Rio - Mar 16, 2014 at 8:24 PM

      We need to cut bowen now, his numbers are not good to be. This is a league of what have you done for me later

      • Rich Tandler - Mar 16, 2014 at 8:43 PM

        Why does he need to be cut now? What’s the hurry? Suppose they are in the process of negotiating a new contract that would save even more cap room than the $2 million they would save if they cut him?

        > >

        • Rio - Mar 16, 2014 at 8:50 PM

          If that is true, dat would be nice, we have to go for a safety what’s wrong with Clemons

  10. Redskinsman - Mar 16, 2014 at 9:50 PM

    Redskins should wait to get a safety in the draft or test with the safety’s on the roster from last years draft

  11. rcjur - Mar 18, 2014 at 11:38 AM

    Team needs to release Bowen, Polumbus and Golston. Get Penn signed; add Clemons and hope to draft DT Tuitt at #34. Let’s GO!!

    • Rio - Mar 18, 2014 at 12:41 PM

      I love how that sounds, what’s the latest on Penn

  12. redskinsnameisheretostay - Mar 18, 2014 at 2:20 PM

    While Donald Penn may be a upgrade on run blocking; why should we hold our breath on a linement who gave up 12 sackes and 45 pressures last season?

    • Rio - Mar 18, 2014 at 7:30 PM

      Has Penn signed

  13. garyclarkhof - Mar 18, 2014 at 11:07 PM

    No, he just signed with Oakland. My guess is that we keep Polumbus and we draft a RT at 34 and get him ready to start in 2015. We have the money to sign Ryan Clark as a stop gap at FS and hope Thomas can take over midway during the season. We will take the best WR in the third and hope we can find a stud SS in the 4th round that can take over in 2015.

    • Rio - Mar 18, 2014 at 11:15 PM

      I like what you’re saying drafting a RT, with the 34th pick is cool. Wish that we can find a safety in the third round. We have a lot of receiver on the roster. It’s time for them to put up or ship out

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